Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

Tag Archives: Capitalism

This article appeared online at TheNewAmerican.com on Monday, March 19, 2018:

The increasing flood of Venezuelan refugees is putting so much pressure on neighboring countries that the Norwegian Refugee Council (NRC) is calling for help. More than four million people have left Marxist Nicolas Maduro’s socialist “paradise” in just the last four years, and the numbers are increasing. They are finding temporary refuge in Brazil, Colombia, Ecuador, Peru, Chile, Argentina, Mexico, Costa Rica, Panama, Aruba, and Spain; however, those countries are being pushed to their limits.

The NRC stated that the “international community … must step up efforts immediately to provide much-needed protection and humanitarian assistance … a comprehensive and rapid response to food, education, documentation and health needs [is] vital throughout the region … [we are] requesting an immediate $2.5 million … particularly on the border areas between Colombia and Venezuela.”

This article appeared online at TheNewAmerican.com on Tuesday, February 13, 2018:

On the surface, the White House’s plan to rebuild America’s failing infrastructure looks like magic: The job is going to cost $1.5 trillion, but the federal government will only have to “invest” $20 billion each year for the next 10 years to get the job done. The rest will come from states and local municipalities in response to various “incentives” through the grant process. Additionally, the White House’s proposed plan will cut the permitting process down from the usual 10 to 13 years to just 24 months — 21 months to consider the project and three months to approve it. It also relies heavily on the concept of “public-private partnerships” to fund the program.

The president promoted the idea that “it is time to give Americans the working, modern infrastructure they deserve.” Of course, the government has nothing to give which it has not already previously extracted from its citizens. But no matter. Trump added:

After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.

It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”

It added:

Apple is already responsible for creating and supporting over 2 million jobs across the United States, and expects to generate even more jobs as a result of the initiatives being announced today.

The numbers are almost incomprehensibly large. Apple generates worldwide revenues of $230 billion, making profits of nearly $50 billion. It employs 124,000 people worldwide, 84,000 of them in the U.S. It has independent contractual arrangements with another 1.6 app designers, to whom it paid $5 billion last year. It operates 500 retail stores worldwide.

This article was published by The McAlvany Intelligence Advisor on Friday, January 19, 2018:

After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.

It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”

This article was published by The McAlvany Intelligence Advisor on Wednesday, October 11, 2017:

OPEC headquarters in Vienna

Free market economists have long considered OPEC as a textbook example of the anti-free market cartel. Its mission statement confirms it:

To coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic, and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.

This article appeared online at TheNewAmerican.com on Friday, July 7, 2017:

The structure of a simple guerrilla warfare organization

Hamburg police estimated on Friday that more than 100,000 protesters have descended on their city, a large number of whom have obviously been carefully trained in guerrilla warfare tactics. A cadre of at least 8,000 appear in organized groups, with more than 1,000 of them wearing black uniforms and identical hooded masks and coordinating their actions according to their training. Many of them carry preprinted signs with “Welcome to Hell” on them.

The sugar settlement between the United States and Mexico, announced on Tuesday by U.S. Commerce Secretary Wilbur Ross, sets the stage for the NAFTA “renegotiation” scheduled to begin in August. And the settlement is going to cost Americans more to satisfy their sweet tooths.

At bottom, it’s all about protecting an inefficient American industry from foreign competition. Sugar is an enormous industry, and economic and political interests want to keep protections in place in order to save it from foreign competition. On one side is Big Sugar:

This article appeared online at TheNewAmerican.com on Thursday, April 20, 2017:

Following the government’s confiscation of its parts plant, General Motors announced on Wednesday it was ceasing all operations in Venezuela. The company said the seizure was illegal and that it would seek legal remedies.

The announcement puts 2,700 workers making replacement parts in the plant out of work, with small comfort coming from GM, which said it would make “separation payments” to those employees.

But what then? Another 3,900 people will likely find their jobs in jeopardy as the 79 car dealers that employ them will also shortly disappear in the aftermath of GM’s decision.

GM joins an ever-growing list of companies that can’t operate in the socialist paradise run by Marxist dictator Nicolás Maduro, including

This article appeared online at TheNewAmerican.com on Monday, April 17, 2017:

Congressman Justin Amash

When Representative Justin Amash (R-Mich.) learned on Friday that President Trump intended to resuscitate the Export-Import Bank by naming two people to its board (it has been limping along with just three out of five board members present), he nailed it, tweeting, “ExIm corporate welfare bank is the symbol of D.C. cronyism. It steals from taxpayers to subsidize big corporations. End ExIm. Drain the Swamp.”

For a while it looked as if the Ex-Im Bank was for all intents and purposes dead. In 2015, the House failed to renew its charter for the first time since 1945. However,

This article was published by The McAlvany Intelligence Advisor on Monday, April 17, 2017:

Many were surprised when President Trump named the EPA’s fiercest enemy – Oklahoma Attorney General Scott Pruitt – to head up the agency. For years Pruitt has raged against the agency for overstepping its bounds and writing rules, mandates, and regulations that negatively impacted the fossil fuel industry. He sued the agency more than a dozen times in the last eight years.

Speculation abounds. George Soros (shown) turned 86 last August, and the clock is ticking. He lost $1 billion betting against Trump in November, but still has $25 billion left. When he meets his Maker (likely for the first time), who will drive the billionaire’s Wells Fargo wagon?

This article appeared online at TheNewAmerican.com on Thursday, January 19, 2017:

Alexander Soros

According to Media Research Center (MRC,) Alexander Soros (shown), one of billionaire George Soros’ five children, opened his father’s checkbook and gave more than $4.5 million to various Democratic campaign and political action committees last year. Between August and November the Soros scion wrote four checks to Senator Harry Reid’s Senate Majority PAC totaling $3.5 million. The other checks went to the Democratic Senatorial Campaign Committee, the Democratic National Committee Services Corporation, and other left-wing groups and politicians.

Although it’s George’s money, Alexander is making the decisions on a major part of his father’s estimated $25 billion. And it appears to be part of a plan to move Alexander into the driver’s seat when his father, age 86, passes from the scene. Dan Gainer, the MRC vice president who tracks the numbers, told the Washington Times: “Alexander Soros is following in both his father’s and brother’s footsteps — going left.” He added:

This article appeared online at TheNewAmerican.com on Wednesday, January 4, 2017:

Ford Motor Company Headquarters, Dearborn, Mi.

When Bill Ford, Ford Motor Company’s executive chairman, called President-elect Donald Trump on Tuesday to inform him of his company’s decision to cancel its plans to build a new plant in Mexico and instead shift some of those new jobs to Michigan, liberal eyebrows were raised. Was this a “capitulation” to Trump? Was it a “sell-out?” Was it a “peace offering?”

CNN’s Poppy Harlow interviewed Ford’s president and chief operating officer Mark Fields following the company’s announcement, attacking him mercilessly with loaded questions. She peppered him with insinuations that

It’s helpful to revisit basic assumptions, one of the primary ones in discussions about local police and violence being offered by Marxists themselves. “Victor,” writing for the Marxist The Internationalists, is very clear: local police must go in order to replace capitalism with communism:

This article appeared online at TheNewAmerican.com on Tuesday, December 19, 2016:

Coat of Arms of North Korea

When Thae Yong-ho, North Korea’s deputy ambassador to the United Kingdom, defected to South Korea in August, he and his family were immediately taken into protective custody. They were grilled by South Korea’s intelligence service not only to glean all the information they could from them about North Korean dictator Kim Jong-un, the ruling class, and the political situation there, but also to determine that he wasn’t a spy. After all, he’d fooled both Kim and the Brits into thinking he was the real deal — a dyed-in-the-wool hard-core communist — ever since 2004.

On Monday, South Korea sources announced that the months-long interrogation was complete and that, effective on this coming Friday, Thae will be free to go,

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 30, 2016:

Ayn Rand passed away in 1982 at age 77 when Donald Trump was just 36. But the astounding success of her masterwork, Atlas Shrugged, led to an interview at the Trump Tower on Monday in the form of one of her most avid fans: John Allison.

Allison, a Phi Beta Kappa graduate of the University of North Carolina in 1971, read a copy of it as a young man and it changed his life. There’s an outside possibility that it might change the life of millions of others.

Following graduation he went to work for BB&T Corporation, a small rural bank in North Carolina. By 1989 Allison was the bank’s CEO. By 2010 he had grown the bank from $4.5 billion in assets to

This article appeared online at TheNewAmerican.com on Tuesday, November 29, 2016:

John Allison

Donald Trump met with former banker John Allison on Monday in a meeting that was largely ignored by the mainstream media. It remains unclear whether Allison was being interviewed for the job of secretary of the Treasury or was just giving Trump some advice from a free market perspective.

Either way, it’s a breath of fresh air in an era where statism and excessive hubris (the idea that mere politicians and economists can guide, even stimulate a $20-trillion-dollar economy with monetary policy) has reigned for decades.

Right after graduating Phi Beta Kappa from the University of North Carolina in 1971,

On the surface, Judge Richard Posner’s decisions, decided last Friday, appeared merely to expand the freedom of Uber, Lyft, and other ride-sharing services to operate more freely in Milwaukee and Chicago. Beneath the surface, however, Posner presents a refreshing and much-needed defense not only of freedom in general, but of the Fifth Amendment and the competitive free market as well.

Posner (shown above) is one of the most respected jurists in the country.

This article was published by The McAlvany Intelligence Advisor on Wednesday, September 28, 2016:

Accuracy in Media has done yeoman, even ground-breaking, work in exposing the radical, communist background of the Black Lives Matter movement:

[It] casts itself as a spontaneous uprising born of inner-city frustration, but [it] is, in fact, the latest and most dangerous face of a web of well-funded communist/socialist organizations that have been agitating against America for decades.

Its agitation has provoked police killings and other violence, lawlessness, and unrest in minority communities throughout the U.S….

BLM’s success started being tracked last May by, of all newspapers, the leftist Guardian, which permitted its reporter Lois Beckett to ask if the “Ferguson Effect” – the withdrawing of aggressive police action against street criminals out of fear of personal reprisals, reprimands, or worse – was really behind the rise in violent crime. The short answer:

Statistics from the FBI’s report Crime in the United States, 2015, released September 25, confirm previous reports that the long decline in violent crime has ended. Murders in the United States in 2015 rose by 10.8 percent over the previous year, dwarfing any increases seen over the last 20 years. And the rise continues into 2016, with reported homicides up another 15 percent through June compared to the same period last year.